Avantis Real Estate ETF (NYSEARCA:AVRE – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 171,720 shares, an increase of 68.7% from the June 30th total of 101,797 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 52,480 shares, the short-interest ratio is presently 3.3 days.
Avantis Real Estate ETF Trading Down 0.4%
NYSEARCA AVRE opened at $49.07 on Friday. The business’s 50-day moving average price is $47.89 and its two-hundred day moving average price is $46.66. Avantis Real Estate ETF has a 12 month low of $42.98 and a 12 month high of $49.72. The firm has a market capitalization of $878.35 million, a PE ratio of 28.60 and a beta of 0.90.
Hedge Funds Weigh In On Avantis Real Estate ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Equita Financial Network Inc. raised its holdings in Avantis Real Estate ETF by 10.8% during the 4th quarter. Equita Financial Network Inc. now owns 208,603 shares of the company’s stock worth $9,080,000 after purchasing an additional 20,318 shares during the last quarter. Networth Advisors LLC acquired a new position in shares of Avantis Real Estate ETF in the 4th quarter worth approximately $2,851,000. Vestment Financial LLC boosted its stake in shares of Avantis Real Estate ETF by 10.1% in the 4th quarter. Vestment Financial LLC now owns 152,563 shares of the company’s stock valued at $6,711,000 after purchasing an additional 14,057 shares during the last quarter. Seaside Wealth Management Inc. boosted its stake in shares of Avantis Real Estate ETF by 12.2% in the 4th quarter. Seaside Wealth Management Inc. now owns 265,645 shares of the company’s stock valued at $11,564,000 after purchasing an additional 28,877 shares during the last quarter. Finally, Financial Plan Inc. acquired a new stake in shares of Avantis Real Estate ETF during the fourth quarter worth $26,155,000.
Avantis Real Estate ETF Company Profile
The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.
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